I've been living in a RS apartment since 2010. Last spring, COSO bought the building. They own most of the buildings in my area. And at first they tried to nicely push us out, offering me $75k to abandon my lease. I chose not to do this.
Another tenant was suing them for tons of money in overcharged rent and so they started alleging that the whole building should have come off rent stabilization due to major renovations that took place in 1986. I'm not a party to that lawsuit, but I've been following it with interest.
Yesterday I received a notification that they filed to deregister my apartment as rent stabilized as of January 1 2014 due to "Major building renovations". I presume they're referring to the 1986 renovations as they hadn't even taken possession of the building by then, but they are currently making lots of renovations from new elevator to marble floors and recessed lighting in the common areas etc. I did sign a one-year rent stabilized lease in May 2014.
And I'm just not sure what I need to do now. Do I have to file a lawsuit? Complain to someone? Is there any point since they'll probably just try this same thing next year for all the building renos? This whole thing is so frustrating. I'm getting pretty sick of fighting it.